Every material Form 8-K Kyndryl filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Kyndryl reported fiscal second-quarter revenue of $3.8 billion, down 7% year over year, with a net loss of $43 million, or $(0.19) per diluted share, compared with a $142 million loss a year earlier. The company reaffirmed its fiscal 2025 outlook, including adjusted pretax income of at least $460 million, while revenue is expected to decline in the full year.
Revenue of $3.8 billion fell 7% year over year, reflecting reduced inherited no-margin and low-margin third-party content in contracts.
Net loss was $43 million, or $(0.19) per diluted share, versus $142 million, or $(0.62) per diluted share, a year earlier; adjusted pretax income rose 80% to $45 million.
Total signings were a record $5.6 billion, up 132% year over year; cash flow from operations was $149 million.
Fiscal 2025 outlook reaffirmed: adjusted pretax income of at least $460 million and constant-currency revenue growth of (2%) to (4%).
Kyndryl reported first-quarter fiscal 2025 revenue of $3.74 billion, down 11% year over year, as it reduced low-margin third-party content in customer contracts. Net income was $11 million, or $0.05 per diluted share, compared with a net loss of $141 million a year earlier, and the company raised its fiscal 2025 adjusted pretax income and adjusted EBITDA margin outlook while reaffirming its constant-currency revenue decline outlook of (2%) to (4%).
Revenue of $3.74 billion, down 11% year over year and 8% in constant currency
Net income of $11 million, or $0.05 per diluted share, versus a net loss of $141 million a year earlier; adjusted pretax income of $92 million, up 96%
Adjusted pretax income outlook for fiscal 2025 raised to at least $460 million from at least $435 million
Constant-currency revenue outlook of (2%) to (4%) reaffirmed; company expects year-over-year revenue growth in the fourth quarter
Kyndryl reported fourth-quarter fiscal 2024 revenue of $3.8 billion, down 10% year over year, as it reduced inherited no-margin and low-margin third-party content in customer contracts. The net loss narrowed to $45 million from $737 million a year earlier, and adjusted pretax income rose to $30 million from an adjusted loss of $61 million. For fiscal 2025, the company expects constant-currency revenue growth of (2%) to (4%) and adjusted pretax income of at least $435 million.
Q4 revenue $3.8 billion, down 10% (9% in constant currency); net loss $45 million, or ($0.20) per diluted share, versus $737 million, or ($3.24), a year earlier
Q4 adjusted pretax income $30 million, versus an adjusted pretax loss of $61 million in the prior-year quarter
Fiscal 2024 revenue $16.1 billion, down 6%; net loss $340 million, or ($1.48) per diluted share; adjusted free cash flow $291 million
Fiscal 2025 outlook: revenue growth of (2%) to (4%) in constant currency and adjusted pretax income of at least $435 million, versus $165 million in fiscal 2024
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Kyndryl filing is on SEC EDGAR ↗. 8-K briefs of other companies →